| INCOME STATEMENT |
| FOR THE QUARTER ENDED 31ST MARCH, 2005 |
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(AMOUNT IN MILLION SHILLINGS) |
| |
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Current |
Previous |
Current year |
Previous year |
| |
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|
quarter |
quarter |
Cumulative |
Cummulative |
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|
ending 31.
03. 2005 |
ending
31.12.2004 |
ending
31.03.2005 |
ending
31.03.2004 |
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| 1
|
Interest Income |
|
7,839 |
7,264 |
7,839 |
6,256 |
| |
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|
|
| 2
|
Interest Expense |
|
(637) |
(555) |
(637) |
(473) |
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|
| 3
|
Net Interest Income |
|
7,202 |
6,709
|
7,202
|
5,783 |
| |
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| 4
|
Bad Debts Written Off |
|
- |
- |
- |
- |
| |
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|
| 5
|
Provision For Bad &
Doubtful Debts |
241 |
685 |
241 |
(311) |
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|
|
| 6
|
Non Interest Income: |
|
5,496 |
6,548
|
5,496
|
4,760 |
| |
6.1 Foreign Exchange
Profit/(Loss) |
2,402 |
2,320
|
2,402 |
1,959 |
| |
6.2 Commissions And
Fees |
3,094 |
4,228 |
3,094 |
2,801 |
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|
| 7
|
Non Interest Expense |
|
(7,312) |
(7,030) |
(7,312) |
(6,661) |
| |
|
|
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|
|
|
|
| 8
|
Losses/(Recoveries)
on behalf of the Government |
(643) |
(1,339) |
(643) |
(9) |
| |
of
Tanzania |
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| |
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|
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|
|
|
|
| 9
|
Operating Income Before
Tax |
4,984
|
5,573 |
4,984 |
3,562 |
| |
and Extraordinary Items |
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| 10
|
Extraordinary Gains
(Losses) |
- |
- |
- |
- |
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|
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| 11
|
Income Tax Provisions |
(1,533) |
(1,880) |
(1,533) |
(962) |
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|
|
| 12
|
Profits
attributable to shareholders |
|
|
3,451 |
3,693 |
3,451 |
2,600 |
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| |
Number Of Employees |
789 |
794
|
789
|
805 |
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PERFORMANCE INDICATORS |
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(i) Return on average
total assets |
3% |
3% |
3% |
2% |
| |
(ii) Return on ordinary
Shareholders' Funds |
32% |
38% |
32% |
28% |
| |
(iii)Non interest expense
to gross income |
55% |
51% |
55% |
60% |
| |
(iv) Interest margin
to average interest earning assets |
8% |
8% |
8% |
7% |
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